Univest Financial Corporation Releases its First Environmental, Social and Governance Report

Rhea-AI Summary

Univest Financial Corporation (NASDAQ: UVSP) has released its inaugural Environmental, Social and Governance (ESG) Report, showcasing its commitment to corporate responsibility. This report outlines Univest's focus on sustainability, community support, employee investment, customer service, and sound governance practices. CEO Jeff Schweitzer emphasizes the integration of core values and socially responsible practices in achieving the company's mission. Univest manages approximately $6.4 billion in assets and $3.8 billion in assets under management as of September 30, 2020.

Positive

• Launch of the first ESG Report, highlighting commitment to corporate responsibility.
• Emphasis on sustainability and community support that may enhance brand reputation.
• Strong asset base with approximately $6.4 billion in assets and $3.8 billion under management.

Negative

• None.

SOUDERTON, Pa., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Univest Financial Corporation (NASDAQ: UVSP) recently published its first Environmental, Social and Governance (ESG) Report which details its dedication to being a responsible corporate citizen. The ESG report outlines Univest’s commitment to advancing sustainability, supporting the community, investing in employees, serving customers and promoting sound governance.

“At Univest we believe in putting our core values of tradition, integrity, excellence, community and spirituality into action while delivering an excellent customer experience. With a Mission Statement that challenges us to be a strong leader in our markets and active in our communities, being a responsible corporate citizen is at the core of how we operate,” said Jeff Schweitzer, president and CEO of Univest Financial Corporation. “We realize that our vision can only be achieved by approaching our goals in a socially responsible manner. Environmental, social and governance considerations are incorporated into the Univest culture and are integrated into the policies and principles that govern the way we do business.”

To learn more about Univest’s ESG efforts and view the report visit: 
https://www.univest.net/who-we-are/corporate-responsibility.

About Univest Financial Corporation
Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $6.4 billion in assets and $3.8 billion in assets under management and supervision through its Wealth Management lines of business at September 30, 2020. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices in southeastern Pennsylvania extending to the Lehigh Valley and Lancaster, as well as in New Jersey and Maryland and online at www.univest.net.

FAQ

What is Univest Financial Corporation's ESG Report about?

Univest's ESG Report details its commitment to sustainability, community support, and responsible governance practices.

What is the significance of the ESG Report for UVSP stock?

The ESG Report could positively impact UVSP stock by enhancing investor confidence through demonstrated corporate responsibility.

When was Univest Financial Corporation's ESG Report published?

The ESG Report was published on January 4, 2021.

How much assets does Univest Financial Corporation manage?

As of September 30, 2020, Univest manages approximately $3.8 billion in assets.